USDCHF and NZDUSD update

A few days back I posted about these two currency pairs, since then, the market conditions have changed, so here is an update:

The NZDUSD broke the bottom of the short term range, but it retraced and didn’t follow through. We need to redefine the new range, here is the new one:

New range: 0.7588 and 0.7508, I’ll wait for the market to break this range before looking for any trade opportunity.

We had the USDCHF in a bearish market condition, it broke the short term range, but based on how it has been trading in the last hours, I think it would be best to redefine the ST range and define a new one:

New range: 0.9565 to 0.9773. We are still waiting for the market to break the range before we start looking for a trade opportunity.

EURNZD Trade update: The order has been canceled, it closed below the low of our trigger pattern.

Trade Safe!

Raul Lopex
Forex Training

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .